This Writer has heard many horror stories about customers who have tried to pay their way out of overdrafts, only to find that banks have added an extra charge to keep them dangling.

Let us hope that the regulators make the right decision, in the interests of bank users, rather than their operators.

High street banks will learn this week whether regulators intend to press ahead with proposals to cap overdraft charges in an attempt to make it easier for customers to switch current accounts.

The Competition and Markets Authority (CMA) is due to publish provisional recommendations from its delayed investigation into retail banking on Tuesday. It will be followed by a month’s consultation before a final ruling.

The watchdog is also expected to say whether it will want two banking price comparison websites set up. Besides a site for retail customers, an additional one for small businesses could be created under the auspices of innovation charity Nesta. Banks could be required to contribute millions of pounds to a prize fund for the development project.